BUSINESS COMBINATIONS CASH AND CASH EQUIVALENTS

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the Year Then Ended Figures in tables are expressed in billions of Rupiah, unless otherwise stated 47

6. TRADE RECEIVABLES

Trade receivables arise from services provided to both retail and non-retail customers, with details as follows: a. By debtor i Related parties 2014 2015 As restated PT Indosat Tbk PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the Year Then Ended Figures in tables are expressed in billions of Rupiah, unless otherwise stated 48

6. TRADE RECEIVABLES continued

b. By age continued ii Third parties 2014 2015 As restated Up to 3 months 5,816 5,287 More than 3 months 3,398 3,531 Total 9,214 8,818 Provision for impairment of receivables 2,801 2,694 Net 6,413 6,124 iii Aging of total trade receivables 2014 2015 As restated Provision for Provision for impairment impairment Gross of receivables Gross of receivables Not past due 4,353 266 3,595 127 Past due up to 3 months 2,235 202 2,294 262 Past due more than 3 to 6 months 583 216 645 321 Past due more than 6 months 3,394 2,364 3,559 2,386 Total 10,565 3,048 10,093 3,096 The Group has made provision for impairment of trade receivables based on the collective assessment of historical impairment rates and individual assessment of its customers PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2015 and for the Year Then Ended Figures in tables are expressed in billions of Rupiah, unless otherwise stated 49

6. TRADE RECEIVABLES continued

c. By currency continued ii Third parties 2014 2015 As restated Rupiah 7,761 7,730 U.S. dollar 1,436 1,053 Australian dollar 14 31 Others 3 4 Total 9,214 8,818 Provision for impairment of receivables 2,801 2,694 Net 6,413 6,124 d. Movements in the provision for impairment of receivables 2015 2014 Beginning balance 3,096 2,872 Provision recognized during the year Note 28 1,010 784 Receivables written off 1,058 560 Ending balance 3,048 3,096 The receivables written off relate to both related-party and third-party trade receivables. Management believes that the provision for impairment of trade receivables is adequate to cover losses on uncollectible trade receivables. As of December 31, 2015, certain trade receivables of the subsidiaries amounting to Rp4,290 billion have been pledged as collateral under lending agreements Notes 16, 19 and 20. Refer to Note 36 for details of related party transactions.